Morning Edition · Thursday, July 9, 2026
Bitcoin and Ether Hold Steady as Gold Falls and ETF Outflows Persist
Bitcoin traded near 62,000 to 63,000 dollars and up on the week, while spot exchange-traded-fund redemptions and long-term-holder losses kept pressure on the market.

Bitcoin and Ether held steady while gold fell for a fourth day and oil rose for a third, CoinDesk reported, with Bitcoin up about 1.6% on the week against a backdrop of renewed United States and Iran tensions. The largest cryptocurrency tra…
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Spot-ETF Flows Set the Marginal Crypto Price
Creation and redemption in spot Bitcoin and Ether exchange-traded funds have become the marginal price-setting flow for the two largest crypto assets, so allocation decisions at a small number of asset managers transmit macro conditions into crypto faster than on-chain fundamentals do.
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